Help With Your Downpayment when Buying in Baltimore, Harford, Cecil County
Where can I find help with my down payment when buying a home in Harford County, Cecil County, Baltimore County and All of Maryland?
The biggest barrier to homeownership for many Maryland families is the lack of funds for a down payment. The following programs offer help to consumers-maybe they can help you too!
American Family Funds Gift Program http://www.americanfamilyfunds.com/ American Family Funds, Inc., located in Mobile , Alabama , is the administrator for The Dove Foundation , a 501(c)3 non-profit charity that provides nationwide downpayment and/or closing cost assistance to qualified American homebuyers. By working with lenders, real estate agents, builders, buyers, and sellers, American Family Funds helps families who can afford a monthly home mortgage payment, meet the lenders credit requirements, but do not have the cash to make a downpayment.
Ameridream, Inc. http://www.ameridream.org/ is a non profit association that offers expanded affordable housing opportunities through downpayment assistance and community redevelopment programs to first-time homebuyers , low and moderate income individuals, and families who wish to achieve the dream of homeownership.
Family Home Providershttp://www.familyhomeproviders.org/ Family Home Providers, Inc., was created to help the typical American family achieve their dream of homeownership. There goal is to see that any family, with good credit and steady employment, can buy a home and live a better lifestyle, while building equity for the future. Family Home Providers, Inc., is a non-profit, 501(c)3 affordable housing company. We are allowed under the guidelines of the Federal Housing Administration to gift the down payment funds to anyone qualifying for an FHA loan.
Futures Home Assistance Programhttp://www.futuresassistance.com/ is a non-profit organization chartered with the sole purpose of helping to house America by providing gift funds to individuals so that they can purchase a home. These gift funds are a true gift, with no repayment required. The website also offers information on homeownership counseling and credit management
The Genesis Programhttp://www.thegenesisprogram.org/ The Genesis Program is a National Down Payment Assistance Program that provides homebuyers with free gift money to use towards the downpayment, closing costs, and other funds needed to purchase a home. Genesis will gift up to $22,500. The funds provided to Buyers by the Genesis Program are a true Gift. No lien is recorded against the home and there is no expectation of repayment.
Home Downpayment Gift Foundation, Inc. http://www.homedownpayment.org/ was founded out of the desire to help promote homeownership throughout our country. The organization provides charitable gifts that allow for individuals to meet the requirements of a down payment or the closing costs associated with a home purchase. The money does not have to be repaid.
Homestead Trust http://www.homesteadtrust.org/ for downpayment/closing cost assistance program where REALTORS®, buyers, sellers The Homestead Trust is the organization chosen by Home Downpayment Gift Foundation to administer the Downpayment Assistance Program for the charity.
The Nehemiah Programhttp://www.getdownpayment.org/ provides gift funds up to 6% of the final contract sales towards your downpayment and/or closing costs for both first time and repeat homebuyers. There are Gift funds for both new construction and resale homes. There are no repayment requirements of gift money, any income or asset limits or geographical restrictions
SELP is the Downpayment and Settlement Expense Loan Program. This program helps eligible borrowers purchase a home by funding a portion of their closing costs. For more information visit http://www.dhcd.state.md.us/
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